Cairo Amman Bank – Foreign Currency Ratings Affirmed; CFS Lowered

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Cairo Amman Bank (CAB or the Bank) at 'BB-' and 'B', respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has lowered CAB's Core Financial Strength (CFS) rating to 'bb-', and affirmed the BSR of 'bb-' with a Negative Outlook. The Bank's Extraordinary Support Level (ESL) remains Moderate.

Attachments

• CI Ratings Announcement (CRA)
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• Bank Rating Report (Jordan, Cairo Amman Bank)
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